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HGI Funding LLC to acquire Frederick's of Hollywood

May 30, 2014 (United States Of America)

Frederick's of Hollywood Group Inc. announced that its shareholders approved, at a special meeting of shareholders, the previously disclosed merger agreement that provides for the acquisition of the Company by a group consisting of HGI Funding LLC, a wholly owned subsidiary of Harbinger Group Inc., and certain of the Company's other common and preferred shareholders (the "Rollover Shareholders"). 
 
The Rollover Shareholders as a group beneficially own approximately 88.9% of the Company's common stock. The acquisition will be accomplished through FOHG Holdings, LLC, an entity controlled by the Rollover Shareholders that was formed for the purpose of the transaction.
 
The merger was approved by over two-thirds of the aggregate voting power of the Company's common stock outstanding at the close of business on the record date for the special meeting. The total transaction is valued at approximately $24.8 million.
 

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